Mercosur y la Unión Europea firman su acuerdo de cooperación comercial mientras Trump impone aranceles

Firma del tratado Unión Europea - Mercosur Foto: EFE

Mercosur y la Unión Europea firman su acuerdo de cooperación comercial mientras Trump impone aranceles

TL;DR

  • The EU and Mercosur have signed a major free trade agreement, creating the world's largest integrated zone.
  • The pact was negotiated over 25 years and signed by European and Latin American leaders in Asunción.
  • It aims to foster fair trade and long-term partnership, opposing protectionism and isolation.
  • The agreement will cover roughly 720 million people and a combined economic weight of $22 trillion.
  • Tariffs on approximately 90% of exports and imports will be gradually reduced or eliminated.
  • The EU anticipates saving $4.6 billion annually in customs duties.
  • The signing occurred amidst renewed tariff offensives from the US president, Donald Trump.
  • The absence of Brazilian President Lula da Silva was noted, though he was a key supporter of the deal.